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Business

China’s Wen says country has stake in helping Europe

BEIJING, Feb 5 — China has a stake in helping euro zone countries get through their debt crisis, Chinese Premier Wen Jiabao said in comments published on Sunday, pointing to Europe's importance as a market and hinting at more possible support for beleaguered exporters.

Wen's remarks, reported by the official Xinhua news agency, built on ... Read More

A fire burns on a gas pipeline in the Massaeed area west of the town of al-Arish, North of Sinai, February 5, 2012. An explosion hit the pipeline running from Egypt to Israel today. — Reuters pic
A fire burns on a gas pipeline in the Massaeed area west of the town of al-Arish, North of Sinai, February 5, 2012. An explosion hit the pipeline running from Egypt to Israel today. — Reuters pic

AirAsia-ANA win approval for budget carrier in Japan

KUALA LUMPUR, Feb 5 — Southeast Asia's largest budget carrier AirAsia Friday said its joint venture entity AirAsia Japan has won approval from Japanese authorities to begin commercial flights.Malaysia's ... Read More

Malaysia issues tax-free palm export quotas, say sources

KUALA LUMPUR, Feb 5 — Malaysia has issued this year's tax-free crude palm oil export quotas of 3 million tonnes after weeks of delay, sources said on Sunday, ending speculation it would scrap the quota to ... Read More

Clock ticks on Greece’s bailout deadline

ATHENS, Feb 5 — Greek Prime Minister Lucas Papademos faces a critical task of convincing international lenders and political party leaders today to agree to the stringent terms of a €130 billion (RM514.8 ... Read More

Hungary seeks €15-€20b IMF/EU credit line

BUDAPEST, Feb 5 — Hungary is seeking an international credit line of €15-€20 billion (RM59.4-RM79.2 billion), the secretary of state heading the prime minister’s office, Mihaly Varga, was quoted yesterday ... Read More

Euro zone loses patience with Greece

BRUSSELS, Feb 5 — Euro zone finance ministers told Greece yesterday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to ... Read More

Malaysia to sign MoU to build RM6.6b bridge with Bangladesh

By Yow Hong Chieh
KUALA LUMPUR, Feb 4 – Malaysia looks set to ink a deal with Bangladesh by month-end to construct the RM6.6 billion Padma Bridge, the country’s largest infrastructure project that ran into controversy last ... Read More

Greece struggles on for deal on unpopular reforms

ATHENS, Feb 4 — Greece's government on Saturday struggled on in talks with lenders to secure a 130 billion euro (RM516 bllion) bailout before turning to the trickier task of persuading political leaders ... Read More

Iran will cut oil exports to some European countries, says Fars

TEHRAN, Feb 4 — Iran's oil minister said that the Islamic state would certainly cut its oil exports to "some" European countries, the semi-official Fars news agency reported on Saturday."Our oil exports ... Read More

Fed-up Indian bank ‘to name and shame’ defaulters

MUMBAI, Feb 4 — The State Bank of India, the country’s biggest lender, will name and shame “wilful” defaulters and put their pictures in newspapers to get them to pay up, the Economic Times said ... Read More

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